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<Research>BofAS Rates CHINA LIFE as Buy; Mkt Worried About 1Q Results
Recommend 22 Positive 35 Negative 18 |
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The market is concerned about CHINA LIFE (02628.HK)'s 1Q26 results, BofA Securities' research report said. Since general investors didn't seem to anticipate that CHINA LIFE would have recorded a loss for the last quarter, the market reaction has been negative. On the other hand, the growth in the company's dividend per share last year met investor expectations. The report also highlighted that the share prices of CHINA LIFE and NCI (01336.HK), which are among the most aggressive insurers in investment strategy, underperformed those of PING AN (02318.HK) and CPIC (02601.HK), companies that tend to be more conservative. BofA Securities has given CHINA LIFE a target price of HKD33.1 and a Buy rating. AAStocks Financial News |
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